Roc Nation, the entertainment company founded by Jay Z, has announced a startup platform named ARRIVE. The new enterprise will partner with a select group of early-stage startups to provide brand services, business development assistance, advisory services and capital. ARRIVE also anticipates the launch of a traditional venture firm to support companies through subsequent growth stages. The platform was formed in collaboration with Primary Venture Partners, which will serve as a venture advisor, and GlassBridge Asset Management, which will provide institutional and operational support.
This news comes a couple of weeks after reports broke that Jay Z is working to launch a venture fund focused on making seed investments in tech companies. ARRIVE is believed to be a separate entity from that project.
At this year's SALT New York conference, Wences Casares, the chairman of XAPO, and Peter Briger, the principal and co-chief executive officer of Fortress Investment Group discussed the macro case for Bitcoin. Q2 2021 hedge fund letters, conferences and more XAPO describes itself as the first digital bank of its kind, which offers the "convenience" Read More